To be allowed to bid on a Home, the Online Bidder need to have a Deposit Balance of no less than the Preliminary Deposit needed for such Home. While bidding for a Home is open, the Online Bidder’s Deposit Balance will be temporarily (till conclusion of the Auction regarding such Property) lowered by the quantity of the Initial Deposit needed for such Property while the Online Bidder is the high bidder.

Receipt of the Deposit Balance paid by wire transfer, licensed check or cashier’s check. All Deposit Balances paid by wire transfer, accredited check or cashier’s check must be received by Alex Cooper, together with a completed Deposit Transmittal Kind (situated in the File Section for the Propert( ies)) on the Site, Application and/or Services, a minimum of one (1) business day prior to the Auction date as noted on the Site, Application and/or Solutions.

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A Deposit Transmittal Kind will be deemed received by Alex Cooper when receipt thereof is acknowledged in composing by Alex Cooper. Application and Return of Deposit Balance paid by wire transfer. Each Deposit Balance paid by wire transfer by a Winning Online Bidder will be used in accordance with the provisions of Section 6 hereof.

Deposit and Return of Deposit Balance paid by licensed check or cashier’s check. The Deposit Balance paid by licensed check or cashier’s check will be held by Alex Cooper pending the conclusion of the Auction. If an Online Bidder, having actually paid the Deposit Balance by accredited check or cashier’s check, is a Winning Online Bidder, such Online Bidder’s Preliminary Deposit needed for the Home( ies) for which a Winning Bid was put will be deposited to Alex Cooper’s escrow account and used in accordance with the arrangements of Section 6 hereof.

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At any time after the close of a Simulcast Auction and prior to the return of any Unapplied Deposit Balance, such Unapplied Deposit Balance might be transferred to another Auction by written instructions given by the Online Bidder offered that invoice thereof is acknowledged in composing by Alex Cooper. Unapplied Deposit Balances in Timed Auctions might not be transferred to other Auctions.

If an Online Bidder uses a credit card to pay an Initial Deposit, a hold in the quantity of the Deposit Balance( s) authorized by the Online Bidder will be put on the Online Bidder’s charge card. The charge card is charged, or the hold launched, in the time and way listed below set forth.

Some Of Auction

Deposit Balance for Single Residential or commercial property by credit card. Online Bidders meaning to bid on only one Home in an Auction may pay the Deposit Balance in the quantity of the Preliminary Deposit stated for such Property by licensing a hang on their charge card. Preliminary Deposits for Multiple Residences by charge card.

To be allowed to bid on a Residential or commercial property, the Online Bidder should have a Deposit Balance of no less than the Initial Deposit needed for such Residential or commercial property. While bidding for a Residential or commercial property is open, the Online Bidder’s Deposit Balance will be briefly (till conclusion of the Auction regarding such Residential or commercial property) reduced by the amount of the Initial Deposit required for such Residential or commercial property while the Online Bidder is the high bidder.

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Invoice of the Deposit Balance paid by credit card. A Deposit Balance will be deemed made when a credit card hold is approved through the charge card processer, in the amount authorized. The Site, Application and/or Services will allow each Deposit Balance to be applied to one Auction only; no Deposit Transmittal Kind is required for a Deposit Balance paid by credit card.